[ANN] ✨ ULTRAIN ✨ Next-gen public chain creating a programmable business society

[ossamerai]

WEBSITE - DEVELOPER - TELEGRAM - REDDIT - DISCORD - TWITTER - FACEBOOK

WHITEPAPER v1.1.9 ----- YELLOWPAPER v1.0

Ultrain is a next generation public-blockchain technology project with a focus on building a high performance decentralized blockchain platform. Ultrain’s mission statement is to create the programmable business society of the future.

The information revolution is driving businesses to expand borders and streamline processes. We are witnessing the unfolding of a brand new business society, where all things are increasingly visible, interconnected and exchanged. This is what Ultrain calls a “programmable business society.”

Ultrain is committed to construct a responsible and sustainable commercial ecosystem that enables all industrial applications. Ultrain is able to provide multi-folds more advanced technical performance that fundamentally solves the performance and scalability issues of other public blockchain platforms by using groundbreaking innovations in cryptography.

Want a quick introduction to Ultrain’s vision? Check out the video below!

Founding Team

Rui Guo - Co-founder and CEO
As the former technical director of Alibaba Security Group, Rui led the team to establish one of the world’s top three risk control data product systems and ensured the security of the platform on Double Eleven every year, helping companies affiliated to the Alibaba group and corporate customers establish a trusted network ecosystem.
He was the former technical director of the IBM Global Consulting Service Department and head of the Innovation Development Center. He served dozens of large state-owned and private enterprises in various industries, including China Mobile and State Grid, showing an in-depth insight of the bottlenecks of various business and enablement of enterprises by informatization.

Emma Liao - Co-founder and CSO
Emma founded Pioneer Capital, a leading boutique investment bank in China. With nearly 10 years of experience in investment, investment banking and corporate operation, she is an industry expert in cross-border mergers and acquisitions, overseas cooperation and IoT technology with considerable international and domestic corporate resources.
She was the Managing Director of Golden Brick Capital TMT, founding CEO of Kunlun Redstar (the first professional ice hockey club in China), head of IoT investment for QIHU 360, head of China of leading European investment bank goetzpartners GmbH and International Account Director at New York Private Bank & Trust. She has invested in projects such as NIO, Renrenche.com and 360’s privatisation.

Ning Li - Co-Founder and CTO
Ning has more than 11 years of experience in the Internet industry and extensive research, development and management experience in high-performance computing, operating system core components, operating system resource scheduling and many other fields.
As the former technical director of the Alipay Blockchain team, he was responsible for the design, research and development of Alipay’s independent Blockchain platform. During that time, he led the team to obtain more than 30 patents on Blockchain-related technologies.
As the former core architect of the Alibaba Cloud OS, he was responsible for the architecture, design and management of cloud application runtime management services, cloud application resource scheduling, CloudEngine cloud, data management services and other modules.

Yufeng Shen - Chief Architect
Yufeng has nearly 10 years of experience working with the world’s top Internet companies and extensive experience in developing hyperscale software and hardware projects (Chrome, ChromeOS, and AliOS). He is an active contributor to top open source communities in the world (Chromium owner & committer; Linux kernel contributor).
As the former senior technical expert of AliOS, he led many AliOS projects, including construction of the WebApp and developer ecology, overall rendering performance of operating system and In-Vehicle Infotainment (IVI) AI, and accumulated rich experience in app ecology and optimization of integrated performance of software and hardware.

Huseng Wang - Chief Cryptologist
Huseng worked at the University of Leuven in Belgium, a top research university in Europe, and the Luxembourg Institute of Science and Technology (LIST).
As the former Blockchain cryptography expert at Ant Financial, he was responsible for the follow-up of cutting-edge technology of Blockchain-related cryptography, including zero-knowledge proof, secure multi-party computation, and homomorphic encryption, as well as analysis and follow-up of leading-edge technology on consensus algorithms, such as various PoW algorithms, Algorand, Honey Badger, Thunderella, and others. He participated in the design of business privacy protection solutions for multiple large projects.
He has proposed and participated in 10 Blockchain patent inventions.

Read about the rest of the highly qualified Ultrain team here!

Core Technology

Ultrain is committed to providing a computing service called trusted computing. This is a brand-new computing service model that differs from traditional cloud computing, and is a new computing model based on blockchain architecture. This computing model includes CPU computing, GPU computing, memory computing, hard disk resources, and bandwidth resources.

All Ultrain computation has the characteristic of blockchain computing. That is, all operations on data in a trusted computing environment cannot be tampered with or destroyed, is transparent to all, and traceable.

Learn all about Ultrain’s core technologies here!

Roadmap

1) Nova - June 2018
Internal Testnet Online, External API Framework Completed, Smart Contract Development, Framework-Robin Online (Ultrain has designed a new programming syntax for smart contracts based on the design of the JavaScript language, including providing standard code library support; providing a series of standardized smart contract templates using the template technology; and implementing smart contract formalization and colloquial programming practices using the machine learning technology, thereby lowering the learning curve for ordinary people.)

2) SuperNova - September 2018
Published public testnet for individual investors to apply; enterprise service access tetwork online for both Enterprises and startup business owners; open-sourced Robin Framework on Github; published middle-wares including zero knowledge proof middleware, random number generator, and  Quantum Resistant Wallet
 (http://www.digitaljournal.com/pr/3986901)(http://business.am-news.com/am-news/news/read/37139264/ultrains-successful-launch-of-public-testnet-and-permitted-net-smart)

3) Blackhole - September 2018 – January 2019
The core structure of Blockchain's operating system is completed. Network management is based on democratic voting system.  

4) White Hole January 2018 – April 2019
Public network becomes fully operational, Sharding technology is ready and in operation; Ultrian also starts to sale mining rigs.

5) Big Bang, April 2019 - April 2020
Ultrain‘s ecosystem is in operation, AI machine learning platform is deployed and incorporated online; Establishing IOT Edge computing.

6) Singularity, April 2020
Consolidate the collaboration between machine learning platform, IOT and deep belief networks.

Exchanges

UGAS is the lifeblood of the Ultrain ecosystem, paying transaction fees, given as mining rewards, as well as a Proof of Stake component of Ultrain's RPoS algorithm. UGAS is currently trading on the following exchanges, with more coming soon:

BGOGO.COM ----- QB.COM

Community

Ultrain's global community is growing rapidly and we would love for you to join us!
Follow any of the links below to get involved.

WEBSITE - DEVELOPER - TELEGRAM - REDDIT - DISCORD - TWITTER - FACEBOOK

[ossamerai]

Rui Guo has recently posted about Ultrain's economic detail. Read about it on Medium and leave your comments and applause!

https://medium.com/ultrain-chain/introduction-to-ultrains-economic-model-74920e1c687f

[ossamerai]

There is even more exciting news hot off the press: Ultrain's permitted mainnet has been launched in order to satisfy existing demand for commercial services!

Ultrain's early partners, such as Unitopia, Mixmarvel Technology, Real Event Limited, Jungo Network, and Great Resource New Energy are already working on decentralised applications using Ultrain's public chain technology.

Read all about the permitted mainnet here: https://medium.com/ultrain-chain/ultrains-next-gen-public-blockchain-has-successfully-launched-permitted-mainnet-55c2fb88d4b8

[ossamerai]

And finally, Ultrain has launched UltrainOne - our very own mobile application!

UltrainOne has many different features, such as UGAS wallet, latest Ultrain news feed and mobile store.

You can download it now from the following link: https://developer.ultrain.io/shareSoftware?language=en

Read more about the app on our official Medium: https://medium.com/ultrain-chain/announcing-the-launch-of-ultrainone-the-official-ultrain-app-acdf5fff5eb4

[IAMDE Legend]

Just wanted to point out Ultrain's impressive design philosophy and approach that's capable of resolving for the main concerns faced by both miners and developers.

As the article has summarized, the concerns faced by developers are
1) dilution of computing power, 2)Volatility of token price, 3) Liquidity of mining rigs,

and for the developers they are facing 1) high cost of operation and 2) cost management issue.

Ultrain's design incorporated upfront payment stacking approach and a guarantee rate of return for mining rigs to reduces miner's concern. While offering packaged deal solution to reduce the cost for developers. I personally think those approaches are gonna solve some of the major issues we oftenly see with the major platforms

[Onchonch123]

Rui Guo has recently posted about Ultrain's economic detail. Read about it on Medium and leave your comments and applause!

A great article by Ultrain. I like Gup's quote on "the most important aspect of a project’s success is often its economic design. A reasonable and logical model can preserve the overall security of a blockchain through economic incentives." In fact, it synchronizes with my own understanding. I think that token and incentives are heart and soul of blockhain.

DON'T GET ME WRONG, the actual technology implementation and achievement are extremely important as well, but getting the communities, and in this case, the miners on board are crucial for Ultrian's success! as those miners are the one providing services. I believe they can achieve the so called "win win situation". I mean 80% of the rev are going back to the miners!

This looks pretty solid to me Ultrain, attaboy! 

[FinancialFreedomYAYA]

Ultrain's early partners, such as Unitopia, Mixmarvel Technology, Real Event Limited, Jungo Network, and Great Resource New Energy are already working on decentralised applications using Ultrain's public chain technology.

The year of 2019 is gonna be the age of DApp, whoever holds the most DApps and even a single killer app would be the go to choice for infrastructures. I like the fact that those partners are now working on Ultrian's public chain

[waikey]

You guys made a great video to explain your project.

May I ask is Guo Rui is the same guy who was the leader of Tencent Blockchain Department ?

Looks like a very promising project !

[IAMDE Legend]

Dear Ultrain community members,

Thank you all for the overwhelming interest and support for Ultrain’s recent public testnet application. We have received a large number of applications, with candidates applying from all over the world, many of which have a technical background in blockchain. Others have backgrounds in traditional industries, but have demonstrated extreme motivation and passion for Ultrain.

Ultrain would like to officially announce our first nineteen successful applicants for the testnet! More details at https://medium.com/ultrain-chain/announcing-initial-participants-in-ultrains-testnet-335f9d6c5683

 5766655@***.com
2. 739050848@***.com
3. bigthomsan@***.com
4. yooobuntu@***.com
5. somtam4455@***.com
6. spiritearth@***.com
7. ansqld@***.com
8. a9876543245@***.com
9. yang.liu@***.com
10. shenzhunallen@***.com
11. shanhaimeng2013@***.com
12. manson.wang@***.com
13. ucqwertyui@***.com
14. 785807763@***.com
15. lauravn0904@***.com
16. 822057413@***.com
17. zhouchuang@***.com
18. ironman_uestc@***.com
19. tesirocyt@***.com

Ultrain welcomes everyone to continue submitting testnet applications, and stay tuned for more updates from the team!

Ultrain Team
2018. December 26th

[Onchonch123]

Ultrain'e CTO and Co-founder Ning Li elaborated the difference between Blockchain and Distributed Database, two terms often confused by the general public.

Please read the full article at " https://medium.com/ultrain-chain/the-difference-between-blockchain-and-a-distributed-database-556f8361e6b3"

Li mentioned in his previous article on the evolution of blockchain technology, he will try to continue a series of articles that further explain the world of blockchain. His goal in this article was to breakdown the difference in nature between blockchains and distributed databases, and in his upcoming article he will elaborate how smart contracts can be perceived as “nuclear power” for the world of blockchain, rather than an interface for external services. I will also describe a series of valuable applications for smart contracts.

[FinancialFreedomYAYA]

Ultrain hosted an official meetup event in Seoul, Korea — a Gangnam style celebration, drawing a crowd of community members as big as Psy!

Ultrain touched down in Seoul on December 16th straight from Vietnam, to hold an event that would ignite the enthusiasm of the Korean community, winning praise from the local Kakao group. - For more detail please read article at https://medium.com/ultrain-chain/welcome-to-korea-ultrain-6d2a84b9270c

[IAMDE Legend]

Ultrain successfully ran its first official event last weekend in Ho Chi Minh City, celebrating the era of blockchain in the heart of the busy city.

Please read the full article at: https://medium.com/ultrain-chain/welcome-to-vietnam-ultrain-88a7682c771c

Ho Chi Minh City, one of Vietnam’s biggest cities, is a bustling metropolis, full of friendly people, breathtaking landmarks, and tantalizing street food. This is what all travelers dream of — including Ultrain’s energetic CSO, Emma Liao! Emma launched the event to a crowd of local technologists, eager to learn about the cutting edge technology from China, backed up by the Ultrain team.

[FinancialFreedomYAYA]

An in depth article provided by the CTO and co-founder of Ultrain - Ning Li,  gpoimg forward there would be a series of articles that elaborate on the topics of various technologies of Blockchain 3.0; including consensus, virtual machines, smart contracts, world state, sharding, state channeling, and the marginal benefits of the private asset.

Please read the full article at： https://medium.com/ultrain-chain/evolution-of-blockchain-the-past-the-presence-and-the-future-3f1b44d36b54

[Onchonch123]

- An analytical artilce by Guo Rei, Ultrain's CEO and Co-founder:

"Blockchain has been described as a revolutionary technology — that the technology born from Bitcoin will change our lives and guide us towards a future way of living. This hype is somewhat dampened, however, by the disappointing performance of existing blockchain infrastructure. Ever since Ethereum was introduced to the world, Blockchain 3.0 has been the ultimate vision that will fully realize the true value of the Internet. It is widely believed that a virtual business network, perfectly compatible with the concepts of decentralization, security, and ideal performance, will eventually be realized......" Read more at https://medium.com/ultrain-chain/too-dull-to-mention-the-era-of-blockchain-3-0-is-coming-bb1c9b9ff8ae

[IAMDE Legend]

Seoul — December 5th 17:00, Ultrain collaborated with South Korea’s famous blockchain media Blockdaily, together conducted an AMA event in the Korea Telegraph Group. Ultrain co-founder Emma Liao Zhiyu and Chief Cryptologist Husen Wang answered a series of questions online. This AMA event was a success and well received by the Korean audiences! Not only did the event was evaluated by the Korean media as the most active online AMA held in recent times, but it was also highly praised for its high quality dialogue.

- For more detail, please read: https://medium.com/ultrain-chain/ultrains-online-ama-event-a-hit-in-korea-aee995bf8604

[FinancialFreedomYAYA]

After the previous collaboration with Microsoft Accelerator established back in August, Ultrain, as a public chain project, is honored to be selected as a partner for the “AWS Activate China” program.

For more information, please read https://medium.com/ultrain-chain/the-chosen-one-ultrain-now-joins-amazon-aws-activate-1716564a9dd9

[Onchonch123]

By Ultrain’s Chief Cryptologist Husen Wang

RPoS Consensus is divided into the following stages

1、 There are two committees, C1 and C2. Both can be joined freely with deposited stakes.

2、 C1 periodically generates a random number r using Verifiable Random Function. Proposers and Voters are selected by the Fisher-Yates shuffle algorithm with priorities.

3、 All proposers initiate their blocks, where all voters verify and vote upon the highest priority proposer’s block. The votes are signed with aggregatable signature. This makes lightweight client and cross chain transaction verification possible.

4、 After collecting enough votes through BFT algorithm, all nodes generate its block independently, and the corresponding proposer gets rewarded.

Compared with DPoS：

1、 RPoS is more decentralized and safe. Since DPoS has limited amount of nodes, it leaves room for “under the table” collusion between nodes, which compromises the overall security and fairness of the network. For example, during the random number generation process, fairness is required. However, nodes in DPoS can collude to predict or manipulate future random number without being detected.

2、 With larger amount of nodes, RPoS is harder to be attacked when compared with DPoS~There are a limited number of nodes in DPoS, thus easier to be attacked, which results in the overall failure of the network or a fork.

Compared with Dfinity:

1. The BLS signature of Dfinity needs to assume security in Gap Diffie-Hellman (GDH) group , which might

2. limit the security level of randomness. Threshold signature requires pairing calculation that runs slowly. During the process of threshold signature, members need to exchange information, which may result in a slow threshold signature and increase vulnerability to malicious attack. RPoS limits threshold signature to voting and changes voters frequently without group setup problem.

3. If participants can join and exit freely the group, it may lead to stolen of private key and predictable randomness.

4. The signature of groups cannot be compared to that of the PoW system (such as bitcoin), thus the security of block confirmation cannot be guaranteed and results in a longer confirmation time.

Compared with Algorand:

1. Algorand selects its committee member, especially the proposers, based on probability. Which might result in multiple proposers that causes the issue of “network storm”, which increases the overall consumption of bandwidth for nodes.

2. RPoS utilizes threshold signature algorithm, which composes a smaller voter message that is easy to transmit within the network and for client side verification.

3. RPoS introduces an incentive mechanism for both proposer and voter, a double signature punishment system that further improves overall security.

In addition:

1. RPoS optimizes layer0 message transmission, to minimizes arrival time for message propogation.

2. The RPoS plans to introduce TEE and KYC mechanism to further improve the overall system security.

[ossamerai]

You guys made a great video to explain your project.

May I ask is Guo Rui is the same guy who was the leader of Tencent Blockchain Department ?

Looks like a very promising project !

Thanks waikey! No Rui was the former technical director of Alibaba Security Group before co-founding Ultrain.

The team has strengths in technology, as well as marketing, so I agree - a very promising project!

[ossamerai]

Make sure to follow Ultrain's official Medium account to stay up to date on the latest news.

Here is this week's update report: https://medium.com/ultrain-chain/ultrain-bi-weekly-report-12-17-12-31-769d822f575e

[Rockeronch]

At Ultrain, we firmly believe that blockchain technology will mature and eventually establish innovative accomplishment by the talents of a younger generation. Therefore, Ultrain’s technical community is focused on colleges and universities communities, Ultrain enters the campus to interact and communicate with the younger generation, invite more creative younger people to work with us and tries to promote the development of blockchain technology, and achieve more technological breakthroughs, and aim to incubate a number of excellent and valuable blockchain application projects.

- For more information, please refer to the below link at: https://medium.com/@ultrainchain/ultrains-first-domestic-offline-technical-exchange-activities-ended-successfully-7fe03cb339dd

Best,
Ultrain Team